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Jamie Dimon (JPMorgan) grilled on a gun, but protects the bank's policy



<p class = "Canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "JPMorgan Chase ( JPM ]) Director-General Jamie Dimon was subjected to intensive interrogation on Wednesday about the bank's relationship with the manufacturers and was asked if he would consider introducing a formal policy that would restrict this business, as some of his colleagues do. Jamie Dimon (JPM), General Manager JPMorgan Chase (JPM), was subjected to intensive interrogation on Wednesday about the relationship between the bank and the manufacturers, and he was asked if he would consider the possibility of introducing a Oral policies that restrict this business ̵
1; like some of its colleagues

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" During the House Financial Services Hearing Committee of the 7 Most Famous American Banks Governors on Wednesday, Caroline Maloney (D-NY) spokeswoman publicly thank Citigroup ( C ) and Bank of America ( BAC ) for "[stepping] up to & nbsp; adopting formal policies & nbsp; business restrictions & nbsp; with some industrial weapon customers & nbsp; D-NY publicly thank Citigroup (C) and Bank of America (BAC) for "[stepping]" during a hearing of the Financial Services Committee of the House of the 7 Most Famous American Banks Governors on Wednesday, Caroline Maloney (D-NY) to the plate "by adopting a formal policy restricting business with some weapons industry customers after shooting the Parkland school.

<p class = "canvas-canvas-text Mb (1.0em) Mb (0) -sm Mt (0.8em) – sm" type = "text" content = "However, the tone of Maloney shifted when she applied to Dimona, the Congressman referred to the "Dimon's" widely read annual letter, released last week in which he wrote that JPMorgan was sometimes forced to reject customers as "low-profile" as a way to be "responsible" by the bank. " Data-reactid = "17"> However, the tone of Maloney changed when she turned to Dimona. The congressman referred to the letter widely read by Diamond's annual letter, published last week in which he wrote Saw that JPMorgan is sometimes forced to reject customers as "low-profile" as a way to be "responsible" by the bank.

Maloney used the excerpts of a letter to grill Dimon, saying that "the actions speak louder than words on the weapon … [and] from what I can say is just the words for you. "

JPMorgan Chase Chairman and CEO Jamie Dymon testifies to the House Financial Services Committee at a hearing on Wednesday, April 10, 2019, on the Capitol Hill in Washington. (AP Photo / Patrick Semansky)

Clicking on the bank's idea of ​​adopting formal policies like Citigroup and Bank of America with the gun industry, Dimon said that "they can certainly take this into account"

<p class = "canvas-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Manufacturers of cannons fell under & nbsp; public verifications and legal challenges against massacres in the United States "data-reactid =" 31 "> Manufacturers of cannons were exposed to public control and litigation during mass shootings in the United States

[1] Nevertheless, Dimoon said on Wednesday, o "is what we do with clients is through a serious review process, the risk of repetition, etc. We have very little relationship with the manufacturers of guns." the same manufacturers of guns that produce military equipment for US military and US police f

He added not only that the firm carries out a thorough review of firearm retailers, but ATF also conducts an audit of these companies and they are governed by the state and the federal government .

"If we think that they are doing something wrong, our risk committee stops doing business with them," Dimon said.

<p class = "canvas-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Julia La Roche is a financial reporter Yahoo Finance. Follow her on Twitter . "data-reactid =" 36 "> Julia La Roche is a financial reporter for Yahoo Finance. her on Twitter .


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